Tds software in india

Such distributors resell such books at a profit. No copyright is transferred to the Indian distributor either by way of licence or otherwise as they only have right to resell such book and they have no right to produce the copy of same and sale it. However, English publisher sell book to Indian Publisher with permission of reproduce the copy of such books alongwith permission of author.

In this case, it can be said that copyright in the books has been transferred and Indian publisher is making the payment for right to reproduce the books. Such payment can be Characterised as payment of Royalty. Therefore, in the given case, Distribution agreements do not create any interest or right of the end user or distributor.

Therefore, this agreement will not tantamount to use of or right to use any copyright. Further, provisions given under Section 9 1 vi , along with explanation 2 and 4 thereon deals with royalty.

However, such provisions have no application in this case. Accordingly, it does not give rise to any income taxable in India, Therefore, persons referred to in section of the Income Tax Act are not liable to deduct any TDS under section of the Income Tax Act.

Share on facebook Facebook. Share on twitter Twitter. Share on linkedin LinkedIn. Share on whatsapp WhatsApp. Related Post. Let us help you. Phone number. Here you will also get information about the applicability, rate of TDS under section J and a lot more. Also, we covered some special points under section I. Payment for the following services comes under the fees for technical services under section J:.

Section J under TDS Tax Deducted at Source will be not deducted where the prescribed payment or credit does not exceed the prescribed threshold limit. We would like to mention here that the limit is applied and varies for each of the above services section J under TDS Tax Deducted at Source.

To understand it better we can take an example that if the payment amount to a person towards each of the above categories is less than Rs but exceeds Rs in aggregate then TDS is not to be deducted. Also, we published highlights on TDS on cash withdrawals, advantages, and challenges of section N.

Read more. The Tax Deducted at Source or TDS liabilities arising from services under Section J for professional technical experts or consultants will be paid by the payer at the time of making payment for the respective services used. For example, if the payer has hired an engineer to avail his services, then, the payer is required to make the respective payments after deducting the TDS liability arising from it.

The exemption under Section J can be availed by a payer if he pays the tax according to the TDS rate, regardless of the total amount payable. The maximum exemptions under such cases id INR 30, If he fails to do so, he will have to face the consequences.

The interest at the rate of 1. Disclaimer:- "All the information given is from credible and authentic resources and has been published after moderation. Any change in detail or information other than fact must be considered a human error.

The blog we write is to provide the updated information. You can raise any query on matters related to blog content. I am a software engineer in a company, which pays me monthly after deducting tax. Why tax is being calculated on salary mentioned in second part when TDS is already calculated on it?

However when you consider your professional income there are chances that you will get a tax liability. I work for a company supplying a teaching service across via the internet.

This cannot be correct can it? Your comments would be useful as I have to speak to their finance manager thanks. If you want income tax software with just the basic features, you can opt for the basic versions available. Any software functionality that you cannot use conveniently will result in the wastage of both time and effort.

Reliable vendor support is a must for you, just in case things go wrong. If you face any issue with the income tax software for tax preparers, you would need a vendor support executive to fix it. You should make sure that your vendor has a reliable after-sales service because delays in fixing the issue can take a major toll on your company. Before buying income tax software for pc, you should ask for an tds return filing software demo trial.

Also, make sure that you inquire the vendor about each and every feature. ITR software demos are quite helpful, as you will be able to understand the software better and make a sound judgment before buying the software.

Make an investment only when you are very sure that you want to opt for online income tax software. Income tax computation software price varies according to its features.

If you are a beginner, you can always try your hands on the free income tax software available online. When you are sure that you want to go a step higher, only then make an investment of buying an advanced online income tax software.

Before buying, always check the minimum system requirement. Also, make sure that the software you are choosing is compatible with other plug-ins you might want to use.

Income Tax Software. India is home to the third largest startup ecosystem in the world, with over 60 unicorn startups functioning currently. One of the major reasons behind the exponential growth of startups in recent years is government support. With startups emerging as drivers of economic growth, the Indian governmen Read More. As the new financial year has started, it is important that salaried employees and "taxpayers" fulfil the critical financial tasks on time.

We provide you here a checklist of the key functions to help you make all essential tax-saving investments. The document acts as proof that the due income tax is paid. Filing taxes and tax returns at the end of every financial year can be a problematic and demanding task. Changing government regulations and la See More. Q1 - How to file tds return online without software.

This will open up the challan page. Input the number of challans corresponding to TDS return. Fill in the exact number of deductees corresponding to each challan. Fill in the required details such as Name, PAN number, date of payment and date of deduction etc. When you do this, TDS file utility will appear on your screen. You also have the option of utilising TDS software authorized by the government. Download it here. Q2 - Where to buy and compare tax software?

You can easily buy and compare tax software online. There are many income tax software available on techjockey. You can also avail a free demo to test if you are comfortable using a given income tax software. Q3 - How to use income tax software? Most income tax return preparation software applications are extremely easy to use. You can operate it on your own with the instructions given, or you can also take the help of the free demo sessions to be more familiar with this software.

Q5 - How does income tax software for CA chartered accountants works? With this income tax software free for chartered accountants specially designed for CA office to improv their accurate financial calculations and make track for ITR, Returns, GST filling.

Q6 - Which income tax software is best? There are many income tax filing software that can be considered the best for you. It all depends on your requirements. All you have to do is find software that suits all your requirements. There are several paid as well as free income tax software available online. The best income tax software in India completely depends on your requirements. What is best for you might not be the best for someone else.

Therefore, you have to be very sure about the features you want in your tax return software. There is a variety of paid and free tax software available in the market. Apart from the best free income tax software, there are many advanced income tax solutions that are available to manage your taxes.

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